Finance & Investment
$150M Earmarked for Mid-Atlantic Portfolio
Meridian Capital Group arranged the loan for AION Partners to refinance 10 properties located in Delaware, New Jersey and Pennsylvania.
KeyBank Arranges $248M for LA Student Housing
G.H. Palmer Associates’ Lorenzo serves students attending the University of Southern California, Loyola Law School and the Fashion Institute of Design and Merchandising and is currently 95 percent leased.
In Case You Missed It: MHN’s Top 5 Posts in April
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
InterCapital Group Snags Suburban Atlanta Asset
The buyer purchased the 230-unit property using nearly $23 million in Fannie Mae acquisition financing originated by Greystone.
NorthMarq Capital Arranges $14M Refi for Phoenix Luxury Property
Union at Roosevelt, an 80-unit luxury community just north of the city’s downtown, was completed in 2017 and reached full occupancy in March.
Marcus & Millichap Facilitates CA Townhomes Sale
The firm represented the seller and arranged a 10-year, $10.8 million acquisition loan on behalf of the buyer for the 52-unit community.
Hamilton Zanze Expands Denver Footprint
The 216-unit community, constructed in 1997, fetched a price tag of $50 million, nearly double the amount the seller paid five years before.
Related Cos. Buys $590M AIMCO Affordable Housing Portfolio
The firm purchased and plans to rehabilitate nearly 8,000 units across 51 properties in 16 states.
Berkadia Completes $31M Vegas Sale
Sundance Bay acquired Desert Ridge Apartments, which includes 304 units and a dog park, a racquetball court and a playground.
JV Scores ’80s-Vintage Phoenix Apartments for $27M
L5 Investments, MLA Properties and BH Equities picked up the 360-unit Cielo Apartments and plan to invest $4.2 million in capital improvements.